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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (2523)	2/22/1999 10:25:00 PM
From: FoxyLoxy	Read Replies (2) \| Respond to of 3156

Mr. Lee: Hitting the softball out of the park sure sounds more interesting. For the record (check my posting), I did not think the President's salary (of Abacan, Clinton is another question) was out of line. I think you lost the train of thought during an apparent bout of anger (hey, that is okay with me). The concern was, raised by more than just me, the number of people who were working at Abacan for such large sums (relative to size and performance of the Company) during an apparent long period of operational nothing. (See SEC filing.) We were also considering reasons why the burn rate was so high that Mr. Rice felt it should be brought down to $250,00 per month. (How high is it?) As far as loops go, I can appreciate there are "loops" all over. this thread is a loop of sorts. My point was that in the case of securities laws, inner-loops are regulated. That unregulated loops exist (we all know they do) does not make them right. State Street appears to be dealing in a regulated loop, but I am curious how they got the cash burn-rate information. I have been diligent, and did not have this information. You appear to be diligent, and I believe you did not have this information either. I was curious, that was all. Like I said, softball sounds like more fun. At least when you hit the ball out of the park, there will be no mistaking it was you who did it. As far as banter goes, I thought it was the stock and trade of this website. Next time, when that softball floats over the plate through your favorite sweet spot, just pretend it is me, and hit it out of the park. Then, tell us about it so we can have a laugh at my expense. FoxyLoxy